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Middle EastMarch 1 2013

View from Iran: how the country's economy came to crisis

An Iranian economist reports from the country, telling how the targeted US and UN sanctions have delivered a huge blow to the country's economy, an economy that was already overly dependent upon oil revenues and reeling from years of mismanagement.
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View from Iran: how the country's economy came to crisis

For decades, drastic decisions followed by dramatic trend changes have become the norm for Iran’s economy. With the world’s largest energy reserves in crude oil and gas, 7% of the world’s natural resources and 1% of the world’s population, Iran’s economy represents one of the world's great growth opportunities; yet, it is arguably the world’s greatest under-achiever when it comes to sustainable development.

This viewpoint takes a closer look at the state of Iran’s economy and aims to explain the key causes and the drivers behind this inability to deliver on its potential.

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